Ucore Rare Metals Inc (UURAF)

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Ucore Updates on Bokan 2022 Field Sampling Program

October 6, 2022

Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes.

A summary of the 2022 field sampling program:

- Two new ˜25-ton bulk samples were collected from the western portion of the main Dotson Ridge mineralized zone
- A total of 31 new sites across the entire Dotson Ridge mineralized zone were channel sampled and consisted of 137 samples
- The geological team expects:
- - the channel sampling program will allow a significant portion of the modeled rare earth resource to be upgraded from ‘Indicated’ to ‘Measured’
- - the overall quantity of the mineral resource will marginally increase due to new exposures of vein materials discovered during the sampling program

Halifax, Nova Scotia (October 6, 2022) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide an update regarding the 2022 field sampling program (the “Field Program”) at its Bokan-Dotson Ridge heavy rare earth element (“REE”) mineral resource project (“Bokan”).

“Ucore continues to work to unlock the critical heavy rare earth elements at Bokan Mountain,” stated Mike Schrider, P.E., Ucore’s Vice-President and COO. “The execution of this summer’s Field Program, coupled with previous years’ successful drill programs, now positions the Bokan property closer to a feasibility study and will allow Ucore to upgrade approximately 20% of the currently ‘Indicated’ mineral resource to a ‘Measured’ resource classification.

“Ucore continues to advance its Bokan project as a long-range heavy rare earth source to eventually complement the planned Western feedstock sources for its near-term Strategic Metals Complexes. North America desperately needs independent mineral resources to transition to a green energy future centered on electric vehicles and renewable energy sources – both of which are more achievable with the heavy rare earth elements provided at Bokan Mountain.”


Read more at:
https://ucore.com/ucore-updates-on-bokan-2022-field-sampling-program/